Great Tang Bid Technology, Inc. Announces Letter of Intent to Acquire Great Tang Digital Limited of Hong Kong

NEW YORK, NY / ACCESSWIRE / January 20, 2022 / Great Tang Bid Technology, Inc. ("OTCPink:ESPI") CEO Zhuang Rong Cheng announced today that the Company has entered into a firm Letter of Intent to acquire 100 percent ownership in Great Tang Digital Limited of Hong Kong ("GT Digital").

"We at Great Tang Bid are pleased to have found an acquisition in GT Digital that will fill out our operations in an exciting and fast-moving industry," Mr. Zhuang said. "We look forward to completing a definitive Share Exchange Agreement and Closing as quickly as possible," he concluded.

ESPI, a Nevada corporation, is currently in the process of completing a name change and other actions with FINRA from its prior Nevada name of ESP Resources, Inc. Having successfully emerged from bankruptcy in 2021 (United States Bankruptcy Court Southern District of Texas on April 28, 2021; Case No.: 16-60021), ESPI is currently an SEC reporting Pink Sheet company on the OTC Markets, Inc. platform.

"All of the actions we have been taking in the past few months have just been a lead-in to this important step for the Company," Zhuang concluded.

In responding to Mr. Zhuang's announcement, GT Digital CEO Ms. Joanne Chong responded that "GT Digital is creating a leading edge operating company in the digital art space. GT Digital's digital art service platform is designed to integrate NFT auctions, digital art exhibitions, traditional art digital solutions, and digital art. It is based on blockchain and NFT technology."

Ms. Chong further explained that "GT Digital is uniquely positioned to combine on-line and on-site integrated auction platforms, decentralized digital art service frameworks, and NFT technology to build a platform that serves the art industry. It is in the process of building a service platform that combines digital art work, digitization of traditional art via NFT, and a digital art fund for young artists. With the Great Tang auction platform as the anchor point, GT Digital's ecosystem can extend before, during, and after the auction."

Great Tang Bid's CEO Mr. Zhuang added that "On March 11, 2021, at an auction held by the British auction house Christie's, the NFT artwork ‘Everydays: The First 5000 Days,' created by the surreal artist Beepe, was sold at $69.35 million. This convinced us at ESPI that this is an industry that we very much wanted to enter. We believed that as a result of this kind of auction sale demonstration of price to product, NFT artworks has the capacity to profoundly impact the art industry. We want to be in the forefront of this new art community."